Solyndra Sought 2nd Loan for $469 Million

The Daily Caller is reporting today that in September 2009, after already receiving a loan from the government of $535 million, Solyndra applied for another loan of $469 million according to newly released documents.

http://dailycaller.com/2011/09/16/documents-show-solyndra-sought-second-government-loan-guarantee-for-469-million/

In addition, White House press spokesman Jay Carney has told reporters that just released White House e-mails only show that the White House was pushing agencies for a decision on the (first) Solyndra loan, but not pushing them to approve it. Apparently, Vice-President Joe Biden was trying to arrange his schedule to announce the loan.

"That's a big f-----' deal!"


http://news.yahoo.com/white-house-worried-solyndra-default-030844363.html

Clearly, Carney's statements denying White House involvement don't pass the laugh test. For one thing, it leaves out one crucial ingredient; that would be George Kaiser, who was a campaign bundler and contributer for Obama's presidential campaign and also a major investor in Solyndra. Add that to all the White House concern about Solyndra failing and the effect on the 2012 election.

And yet, agencies like the Department of Energy and the OMB skipped steps in the approval process and signed off on the initial Solyndra loan in spite of troubling signs about the company's cash flow.

But according to Carney, all those contacts with Energy and OMB were because Joe Biden was trying to arrange his day planner.

Gimme a break!